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A manufacture is planning outsourcing their product to China, where the costs to produce the product are considerably cheaper [even when factoring in transportation costs]. You have been brought in as a consultant to discuss economic considerations of such a move. How do you direct your clients thinking?
Suppose a friend you know requires a mortgage loan to purchase a house. Your friend can purchase it now or wait until later and is unsure of what to do.
Illustrate what does, and what doesn't, the Solow model tell us about the sources of economic growth and the best policies for attaining high per capita incomes.
Suppose a monopolist with cost function C (Q) = 3Q selling to 2 segments of consumers where Q is total output produced by the monopolist in both markets. If the monopolist can use a single two-part tariff, compute the two part tariff that will maxim..
Illustrate what happens if the government is trying to stimulate the economy with their spending, but this leads to a greater output than projected.
In a simple model with no government or foreign sector, the amount of involuntary inventory accumulation at equilibrium is
If your payroll (budget) is increased to $120,000, what should you do to maximize the number of customers served?
UBS does not respond to its competition explain how much of its sales is it going to lose.
Eluidate the difference among comparative advantage and absolute advantage.
Elucidate what factors move the marketplace away from equilibrium.
Assume that the market demand for broccoli is given by Q=1000-5P and the market supply of broccoli is given by Q=4P-80 where Q is quantity per year measured in hundreds of bushels an P is price in dollars per hundred bushels.
You are the manager of specific location sales for a national company that provides, among other things, cable television service.
The demand for a shake at a Juice Shop can be described by the equation: Q=1000-240P+80N, where Q denotes the number of shakes sold every day,
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